(Reuters) – Consumer credit ratings firm Equifax forecast third-quarter revenue below Wall Street estimates on Wednesday as higher-for-longer interest rates continue to derail recovery in mortga[...]
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July 17, 2024
Discover Financial quarterly profit jumps on higher interest income
(Reuters) -Discover Financial Services on Wednesday reported a 70% rise in second-quarter profit, as a high-rate environment helped the U.S. credit issuer earn more in interest income. The company[...]
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Morning Bid: Volatility returns as tech tanks, yen spikes
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are set to open in the red on Thursday following Wednesday’s global selloff, as the prospect of more s[...]
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Hedge funds shed risk in tech megacap sell-off, Goldman says
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds have been reducing their exposure to U.S. stocks for five days in a row amid a market-wide pullback in megacap tech-related stocks, Gold[...]
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Alaska Air third-quarter profit view lags estimates on hit from cabin crew deal
By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) – Alaska Air Group forecast third-quarter profit below estimates on Wednesday, citing a financial hit from its new flight attendant contract d[...]
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Trade fears hamper tech stocks, dollar falls amid rate cut talk
By Isla Binnie NEW YORK (Reuters) -Global equity indexes mostly fell on Wednesday as possible U.S. trade curbs on chip equipment pulled tech stocks lower, while Treasury yields and the dollar both hit[...]
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Many US solar factories are lagging. Except those China owns
By Nichola Groom (Reuters) -Construction of U.S. solar-manufacturing plants by Chinese companies is surging, putting China in position to dominate the nascent industry, as other American factories str[...]
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Beyond Meat engages with bondholders to discuss balance-sheet restructuring, WSJ reports
(Reuters) -Beyond Meat has engaged with a group of bondholders to initiate discussions about a balance-sheet restructuring, the Wall Street Journal reported on Wednesday, sending its shares down 13% i[...]
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US bank regulator warns against ‘worrisome’ state laws targeting banks
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. bank regulator warned on Wednesday the agency may begin pushing back against the “worrisome trend” of states adopting laws meant t[...]
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